What You Should Know:
- Hummingbird Healthcare Inc., a tech-driven healthcare services company raises $10M in Series A funding led by UCHealth, a leading Colorado-based health system and existing investor. The round also included participation from CU Healthcare Innovation Fund, 8VC, and Gaingels.
- With this new funding, Hummingbird is poised to expand its reach and empower healthcare providers to deliver exceptional patient experiences.
Focus on Patient Access and Operational
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Health IT | News, Analysis, Insights - HIT Consultant
OMNY Health Democratizes Healthcare Data with Launch of AI Platform
What You Should Know:
- OMNY Health, the leading healthcare ecosystem known for facilitating compliant cross-industry data sharing launched its platform designed to power AI driven health technology companies, further cementing the company’s commitment to democratizing healthcare data.
- QuantHealth and ArisGlobal are just
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AdvancedMD Summer Release Streamlines Revenue Cycle, Enhances EHR and Patient Engagement
What You Should Know:
- AdvancedMD, a provider of cloud-based healthcare software for independent practices, recently unveiled its 2024 summer product release.
- The update boasts over 30 new features designed to enhance efficiency, improve productivity, and ultimately, boost revenue for medical practices.
Seamless Payment Processing Takes Center Stage
The centerpiece of the release is the revolutionary AdvancedMD Pay terminal, a certified PAX A920 credit card processing
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Blind VA Employee Sues Over Inaccessible Oracle-Cerner EHR
What You Should Know:
- A Department of Veterans Affairs (VA) employee has filed a lawsuit against the agency, alleging its new Oracle-Cerner EHR system discriminates against employees and veterans with disabilities, Federal News Network reports.
- The lawsuit claims the Oracle-Cerner EHR system is incompatible with assistive technologies like screen readers used by visually impaired individuals.
Legal Basis of the Lawsuit
The lawsuit argues that the VA violated Section
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Former Outcome Health Execs Sentenced in $1B Fraud Scheme
What You Should Know:
- Three former executives of Outcome Health, a Chicago-based health tech startup, were sentenced for their roles in a massive fraud scheme that defrauded clients, lenders, and investors of an estimated $1B.
- The case was investigated by the FBI and FDIC-OIG with assistance from the U.S. Securities and Exchange Commission. The prosecution was handled by the Department of Justice's Criminal Division's Fraud Section and the U.S. Attorney's Office for the Northern
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Why Patient Engagement Must Be at the Center of Value-Based Care
In the dynamic and ever-changing landscape of the healthcare industry, patient engagement continues to emerge as a pivotal element of the value-based care (VBC) model. Value-based care seeks to improve health outcomes by leveraging the Quintuple Aim framework – focusing on the patient experience, population health success, cost reduction, team wellbeing, and health equity. Value-based care models center on patient outcomes and how well healthcare providers can improve the quality of care based
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US Hospitals See Improved Margins, But Rising Costs Remain a Concern
What You Should Know:
- A new report from Strata Decision Technology reveals mixed signals for the financial health of US hospitals. While operating margins have improved significantly year-over-year, rising drug and supply costs threaten to undermine this progress.
- The US hospital sector shows signs of financial recovery, with improved margins and revenue growth. However, rising drug and supply costs pose a significant threat to continued progress. As healthcare leaders navigate
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Inovalon and MEDITECH Alliance Partner to Streamline Revenue Cycle Management
What You Should Know:
- Inovalon, an innovator in cloud-based healthcare data solutions, announced a strategic partnership with the MEDITECH Alliance.
- The strategic collaboration empowers thousands of healthcare providers using MEDITECH's electronic health record (EHR) systems to leverage Inovalon's end-to-end revenue cycle management (RCM) solutions.
Optimizing Reimbursement and Reducing Errors
The partnership tackles a significant challenge in healthcare: inefficient
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Adventist Health Selects The Garage’s Bridge Platform to Advance Value-Based Care Initiatives
What You Should Know:
- The Garage, a leading population health management technology company, announced a strategic partnership with Adventist Health, a prominent non-profit integrated health system. Adventist Health will leverage The Garage's Bridge platform to further its value-based care initiatives across its diverse patient population.
- The Garage, headquartered in Orlando, Florida, is a population health management leader dedicated to improving healthcare delivery. By
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Unleashing the Dynamic Force of AI and Automation to Revolutionize Revenue Cycle Management
Every year, hospitals across the United States, regardless of their size or type, face significant financial losses amounting to hundreds of billions of dollars due to uncompensated care. This staggering figure does not even consider the additional losses incurred by hospitals as a result of underpayments from government-funded healthcare programs such as Medicare and Medicaid.
As healthcare organizations grapple with rising costs, eroding financial margins, ongoing labor shortages, and
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